Ryerson Holding Corporation (RYI) Receives $13.44 Average Target Price from Analysts
Ryerson Holding Corporation (NYSE:RYI) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $13.44.
Several research analysts have commented on RYI shares. KeyCorp reaffirmed a “buy” rating and set a $13.50 price objective on shares of Ryerson Holding Corporation in a research note on Tuesday, September 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.25 price objective on shares of Ryerson Holding Corporation in a research note on Thursday, September 7th. BidaskClub lowered shares of Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. TheStreet raised shares of Ryerson Holding Corporation from a “d” rating to a “c” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research lowered shares of Ryerson Holding Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday.
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Ryerson Holding Corporation (NYSE RYI) traded down 0.53% during midday trading on Friday, reaching $9.45. 316,075 shares of the company were exchanged. The firm has a market capitalization of $351.31 million, a PE ratio of 23.45 and a beta of 2.20. Ryerson Holding Corporation has a 52 week low of $7.65 and a 52 week high of $16.85. The company has a 50-day moving average of $9.16 and a 200 day moving average of $9.81.
Ryerson Holding Corporation (NYSE:RYI) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). The firm had revenue of $875.40 million for the quarter, compared to analysts’ expectations of $875.13 million. Ryerson Holding Corporation had a negative return on equity of 53.49% and a net margin of 0.48%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. Equities analysts predict that Ryerson Holding Corporation will post $0.97 earnings per share for the current year.
In related news, insider Michael Burbach bought 4,800 shares of the stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $8.50 per share, with a total value of $40,800.00. Following the completion of the purchase, the insider now owns 57,800 shares of the company’s stock, valued at $491,300. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have bought 15,950 shares of company stock valued at $130,716 over the last three months. Insiders own 0.76% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Trellus Management Company LLC purchased a new stake in shares of Ryerson Holding Corporation during the second quarter valued at $138,000. Ameriprise Financial Inc. purchased a new stake in shares of Ryerson Holding Corporation during the second quarter valued at $138,000. Rhumbline Advisers boosted its stake in shares of Ryerson Holding Corporation by 26.0% during the second quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock valued at $180,000 after purchasing an additional 3,740 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Ryerson Holding Corporation during the first quarter valued at $192,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Ryerson Holding Corporation by 5.8% during the second quarter. Wells Fargo & Company MN now owns 20,343 shares of the basic materials company’s stock valued at $202,000 after purchasing an additional 1,109 shares during the period. 41.44% of the stock is owned by hedge funds and other institutional investors.
About Ryerson Holding Corporation
Ryerson Holding Corporation is a service center company for carbon and stainless steel, as well as aluminum. The Company operates through metal service centers segment. In addition to providing a range of flat and long metals products, it offers various value-added processing and fabrication services, such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius and beveling to process materials to a specified thickness, length, width, shape and surface quality pursuant to specific customer orders.
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